Copper price fluctuations constrain order releases.
During the week of Jun 12–18, the machine operating rate in the enamelled wire industry pulled back 1.2 percentage points WoW, and weekly order intake fell 1.25% WoW. Orders showed a divergent trend during the week. Early in the week, copper prices were low, downstream replenishment willingness was strong, and order-taking performed well. As the copper price center rose during the week, wait-and-see sentiment intensified, and orders declined noticeably at the weekend. Industry demand was notably constrained by copper price fluctuations.